AI is proving it can catalyze the next phase of growth
Cloud giants ( $Microsoft(MSFT)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ )all mentioned that optimizations are stabilizing and new workloads are picking back up again. As headwinds subside, AI is proving it can catalyze the next phase of growth.
Microsoft is the early frontrunner in capturing AI workloads. Azure AI ended Q4 CY23 with ~53K customers of which >1/3 were new to Azure over the past 12 months, showcasing that they are driving cloud market share gain through AI inference.
+GitHub would be one of the fasting growing SaaS companies at $1B+ ARR accelerating at 40% growth Y/Y.
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https://twitter.com/DanelDayan/status/1755034000811540711
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